Alibaba IPO Valued Near $20B; Kroger to Hire 20,000 More Workers

Weekly Wrap Up

The S&P 500 continued its record setting run, ending with yet another record finish on Friday to close out the week. The August jobs report was released on Friday, and it missed the mark. It was estimated that at least 200,000 jobs would be added last month, but in reality only 142,000 jobs were added in August. The unemployment rate did fall slightly, from 6.2% to 6.1%.

Alibaba is expected to debut its IPO on September 19th, or shortly after. The Chinese internet company is slated to raise around $20 billion from its IPO, with its shares debuting within the $60 to $66 range.

Kroger (KR) announced on Friday that it is looking to hire 20,000 permanent employees as the company continues to grow. While there is no timeline in place as to when all the jobs will be filled, the supermarket chain does hope to fill them as soon as possible.

(JNJ)Shares of Johnson & Johnson (JNJ) were up +0.03 or +0.03 percent to $103.79 per share in premarket trading early Thursday, after news that the company will fast track the development of a new combination vaccine regimen against the Ebola virus. (Source: InvestorGuide) Click here to read the full article

Technology Focus

(TSLA)Shares of Tesla Motors Inc. (TSLA) were trading down -2.04 or -0.71 percent to $284.00 per share in premarket trading this morning, after news late yesterday that the company had confirmed the state of Nevada to build its new Tesla Gigafactory. (Source: InvestorGuide) Click here to read the full article